Skipping Stones

“Stephen Mallery is a financial advisor and has a longstanding financial advisory relationship with board member Ron Marson, and is one of the advisors of record on the Skipping Stones SEP IRA plan, of which Arun Toke is the sole employee and sole participant.”

“The treasurer and executive editor worked together on and reviewed this report for details. The 990 Form and all the schedules have been sent by emails to the board members for their reviews before submitting to the IRS.”

“These documents are available to the general public upon request. Our website gives our email, telephone number and mailing address for general public to contact us in this regards, as well as for other questions.”

“AS PER OUR BY-LAWS, EXECUTIVE EDITOR IS ALSO A MEMBER OF THE BOARD OF DIRECTORS. As the board member he did not receive any compensation. However, as the executive editor, he received a salary and Skipping Stones also contributed to a SEP IRA for him. He worked full time to carry out all the day-to-day activities of the organization.”

“This activity was part of our Fiscal Sponsorship of Eugene/Springfield NAACP Branch #1119. It has been explained in Schedule I.”

“As their fiscal sponsor, we granted the Eugene/Springfield Branch of National Assn for the Advancement of Colored People a sum of $158,831. See Schedule I for more details. The money was used by the organization to work on its mission that includes promoting cultural awareness, education, confidence in youth, of renting an office and library, meeting space, staffing, consultants, preparing youth participants for their annual ACTSO competition, and training. They also helped local minority community in responding to Covid-19 crisis. The grant money was used by them for only exempt purposes. This money came from grants ear-marked by the foundations listed on our Schedule B.”

“PART IX, LINES 7 - 24e: MOST OF THESE ARE EXPENSES THAT ARE ATTRIBUTED TO THE PROGRAM SERVICES; EXCEPT FOR SOME THAT ARE ATTRIBUTABLE TO GENERAL MANAGEMENT AS SHOWN IN LINES 11, 13, 14, 16, AND 23. SINCE WE ARE A SMALL ORGANIZATION WITH ONE PAID STAFF WHO DOES ALL THE TASKS, WE ONLY KEEP AN ACCOUNT OF EXPENSES BY VARIOUS CATEGORIES: OFFICE RENT, UTILITIES, SALARY, PRINTING, POSTAGE, TAXES PAID, ETC.”

“This is an estimate of the value of back issues of the magazine that may be sold at a future date.”

“This sum is an estimate of amount needed to publish and mail the issues of the magazine, thus fulfilling our obligations, to our paid subscribers and contributors.”

“This amount is the sum of 2020 Contribution to SEP IRA that was made by the organization in the calendar year 2021, and the tax deposit payments made in January 2021 for December 2020 to the IRS and to the Dept. of Revenue of the state of Oregon.”

“We received grants from a number of foundations. Part I contains three foundations that granted a support of $5000 or more. No non-cash property was received in 2020 so Part II is left blank.”